The Norman-Spencer Agency, Inc.’s marine insurance services division has launched the TradeWinds Yacht Insurance Program.
According to Paul Sexton, vice president of Norman-Spencer’s marine insurance services division, the addition of the new TradeWinds yacht program will drive Norman-Spencer’s growth in boat and yacht program management.
TradeWinds will provide flexible pricing and underwriting guidelines for yachts up to $2 million; including high limits for standard coverages at no cost, and also a suite of other endorsed options.
“The new program for large yachts will greatly expand our 35-year-running AquaPac program that serves small to mid-sized vessels,” added Sexton.
Both programs provide coverage for a full spectrum of boats, from personal watercraft to large sail and power yachts. Norman-Spencer is also the endorsed consumer insurance product of the Marine Retailers Association of the Americas (MRAA). The MRAA is a national association representing boat and engine dealers and other retailers across North America.
Norman-Spencer provides insurance services to clients and insurance buyers nationwide with over 10 proprietary in-house property and casualty insurance programs covering industries including marine, construction, transportation and professional lines.
Norman-Spencer’s Marine Insurance Services division has provided marine dealers, agents and tens of thousands of boat owners and fishermen with innovative, cost-effective insurance policies for more than 30 years.
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